NEWARK CAMPUS DEVELOPMENT FUND

EIN: 311062282 501(c)(3) Education

NEWARK, OH

Total Revenue
$5,205,717
Total Expenses
$4,047,450
Total Assets
$54,774,748
Net Assets
$54,774,748
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
OH
Principal Officer
JENNIFER ROBERTS
Phone
7403458983
Tax Period
2023-11-01 to 2024-10-31

NEWARK CAMPUS DEVELOPMENT FUND, founded in 1982, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $1.2M, a strong 22% operating margin.

Mission

THE MISSION OF THE NEWARK CAMPUS DEVELOPMENT FUND IS TO SUPPORT THE NEWARK CAMPUS OF THE OHIO STATE UNIVERSITY AND CENTRAL OHIO TECHNICAL COLLEGE BY FUNDING SCHOLARSHIPS, GRANTS, INNOVATIVE PROJECTS AND CAPITAL IMPROVEMENTS THAT ARE NOT PROVIDED BY ANY OTHER STATE RESOURCE. FOR 42 YEARS, DONORS, BUSINESSES AND ORGANIZATIONS HAVE PARTICIPATED IN NCDF CAMPAIGNS TO CREATE A BEAUTIFUL COLLEGE CAMPUS WHERE STUDENTS RECEIVE THE BEST OF ALL WORLDS: A BIG 10 RESEARCH-BASED EDUCATION IN A SMALL, PRIVATE, LIBERAL ARTS SETTING. LOCAL DONORS ENJOY SUPPORTING FUNDS AND CREATING ENDOWMENTS AT NCDF WHICH IS CONTROLLED LOCALLY BY A BOARD OF TRUSTEES WITH DEEP ROOTS WITHIN OUR COMMUNITY. WITH THE PARTNERSHIP OF GENEROUS GENERATIONAL DONORS AND A COMMITTED BOARD, THE NCDF IS ABLE TO PROVIDE ACCESS TO EDUCATION FOR ALL QUALIFIED AND MOTIVATED INDIVIDUALS. NCDF STRIVES TO MAINTAIN AND ENHANCE THE LEVEL OF EDUCATIONAL TECHNOLOGICAL EXCELLENCE AND CLOSE PERSONALIZED ATTENTION AT OSU NEWARK AND COTC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,054,972
Program Service Revenue $0
Investment Income $3,150,745
Other Revenue $0
TOTAL REVENUE $5,205,717

Expense Breakdown

Grants Paid $3,511,689
Salaries & Benefits $150,417
Fundraising Expenses $38,037
Program Expenses $3,580,134
Other Expenses $385,344
TOTAL EXPENSES $4,047,450

Year-over-Year Comparison

2023 2022 Change
Revenue $5,205,717 $5,644,503 -0.1%
Expenses $4,047,450 $5,405,435 -0.3%
Net Income $1,158,267 $239,068 +3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$102,187
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT O'NEILL TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS F MOCK TRUSTEE 1.00
Director
$0 $0 $0
C DANIEL DELAWDER TRUSTEE 1.00
Director
$0 $0 $0
SARAH R WALLACE TRUSTEE 1.00
Director
$0 $0 $0
SETH PATTON TREASURER 1.00
Officer Director
$0 $0 $0
STUART PARSONS PRESIDENT 1.00
Officer Director
$0 $0 $0
RONALD ALFORD TRUSTEE 1.00
Director
$0 $0 $0
ROBERT MONTAGNESE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARY M ALBRIGHT TRUSTEE 1.00
Director
$0 $0 $0
DAVID FRYMAN TRUSTEE 1.00
Director
$0 $0 $0
RANDY ANSTINE TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER ROBERTS EXECUTIVE DIRECTOR 18.00
Officer
$61,823 $1,855 $63,678
SIOBHAN R CLOVIS ASST SECRETARY 1.00
Officer
$0 $0 $0
LEE HECKMAN SECRETARY 1.00
Officer
$0 $0 $0
JULIE DEIBEL CHIEF FINANCIAL OFFICER 14.00
Officer
$37,387 $1,122 $38,509
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,205,717 $4,047,450 $54,774,748 $1,158,267
2023 $5,644,503 $5,405,435 $45,362,748 $239,068
2022 $5,392,589 $4,321,929 $46,188,618 $1,070,660
2021 $7,529,425 $4,575,600 $55,607,553 $2,953,825
2020 $5,377,217 $5,499,883 $44,149,352 $-122,666
2019 $4,922,514 $4,978,195 $44,669,070 $-55,681
2018 $4,237,128 $2,351,441 $41,790,037 $1,885,687
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